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Released: December 26, 2012
Florida homeowners foreclosing on banks
Source: Les Christie, CNNMoney
Hundreds of homeowners and condo associations are foreclosing on banks that have failed to pay dues and other expenses on the properties they've repossessed. When banks foreclose on a home they become responsible for paying fees to the homeowners association -- both any unpaid fees going back as far as 12 months and all expenses going forward.
But now, homeowners groups are putting liens on the properties until banks pay up and foreclosing on them if they don't.
Read Full Article: Florida homeowners foreclosing on banks
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